SINGAPORE – China’s economy grew at one of its slowest rates in decades last year as repeated lockdowns hit homes and businesses, emphasizing the high cost of zero-tolerance COVID-19 policies that Beijing Abandoned Late 2022,
China’s economy is set to expand 3% in 2022, the National Bureau of Statistics said on Tuesday, a sharp deceleration from the 8.1% pace recorded in 2021. Besides 2020, when the economy grew only 2.2%, last year marked the worst year for GDP growth in China since 1976, the year Mao Zedong’s death marked the beginning of the Cultural Revolution, according to World Bank data. Ended the decade of known conflict.